Saxon Interests Inc. Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Saxon Interests Inc. cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 87.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,587 shares of the semiconductor company’s stock after selling 11,453 shares during the quarter. Saxon Interests Inc.’s holdings in Texas Instruments were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TXN. Vanguard Group Inc. boosted its position in Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares during the last quarter. State Street Corp lifted its stake in shares of Texas Instruments by 0.3% in the second quarter. State Street Corp now owns 37,931,129 shares of the semiconductor company’s stock worth $6,828,362,000 after acquiring an additional 112,156 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after purchasing an additional 839,964 shares during the last quarter. Morgan Stanley increased its holdings in Texas Instruments by 54.4% during the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after purchasing an additional 5,191,426 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $1.34 during trading on Thursday, hitting $174.21. 4,416,948 shares of the stock were exchanged, compared to its average volume of 5,694,404. The stock has a market cap of $158.54 billion, a PE ratio of 24.65, a P/E/G ratio of 3.61 and a beta of 1.04. The stock’s fifty day moving average is $166.63 and its 200 day moving average is $160.86. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.98%. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. TD Cowen lifted their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Morgan Stanley boosted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price target on shares of Texas Instruments in a research report on Monday, March 4th. Susquehanna lowered their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Truist Financial reduced their target price on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $173.89.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.